8037 Goose Ridge DrOwens Cross RoadsAL35763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Owens Cross Roads at 8037 Goose Ridge Dr, Owens Cross Roads, AL, 35763 uses $247,737 cash to close to unlock $3,063/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $4,506/mo, and a $3,686/mo payment keeps the spread at $255/mo. Purchase price stands at $753,000, and rental yield measures 7.18% with $4,506/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $208,040 over five years. Five-year ROI reaches 109.54% and total cumulative return in cash records $271,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,506/mo property income covering a $3,686/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35763, Owens Cross Roads, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,206 (100%) |
| Owner Occupied HU | 7,738 (84.1%) |
| Renter Occupied HU | 1,165 (12.7%) |
| Vacant Housing Units | 303 ( 3.3%) |
| Median Home Value | $436,995 |
| Average Home Value | $478,066 |
Housing Distribution
Address Breakdown
Residential
9,173
Single Family
9,173
Multi-Family
0
Businesses
322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cleo Smith • Capstone Realty
Mls Name: ValleyMLS
Mls ID: #21904284